"Such is the stuff of which hyperinflations are made."
I digress at the beginning and end of this excerpt with banners – self serving, I know, but this information SCREAMS to buy gold, and buy gold, and buy gold, and buy gold!
From the 9/1/10 Early Warning Report, analyst Richard Maybury:
“Evidence that the Fed has indeed run out of room is piling up fast. The August 10th announcement by the Fed that the economy is weaker than they expected and they need to loosen more was, in my opinion, a historic turning point. It was a tacit admission that Keynesianism has failed utterly and miserably, and they don’t know what else to do except apply more Keynesian: print more money!
The St. Louis Federal Reserve web site admits that over the past two years, the Fed has poured more than a trillion dollars into the banks. Most of it is still there, waiting for bankers to develop the courage to loan it into the economy. Also, non-financial corporations are holding two trillion dollars. That’s three trillion greenbacks on hold, waiting to avalanche into the economy as soon as the managers of these dollars become optimistic enough to deploy them. And, on August 10th, Fed officials said they will loosen more. Such is the stuff of which hyperinflations are made.”
And buy gold, and buy gold, and buy gold, and buy gold, and buy gold – physical gold from Lear Capital! Get your gold inflation hedge today!